# Crisis Prediction by Type

| Variable | Any Crisis | Banking | Currency | Sovereign |
|:---|---:|---:|---:|---:|
| Z_1 | -0.1794 | -0.1589** | -0.0992 | 0.0852** |
| | (0.1147) | (0.0701) | (0.0791) | (0.0408) |
| Z_2 | 0.0230 | 0.0216** | 0.0129 | -0.0122** |
| | (0.0172) | (0.0105) | (0.0119) | (0.0061) |
| Z_3 | -0.0008 | -0.0008* | -0.0005 | 0.0005* |
| | (0.0007) | (0.0004) | (0.0005) | (0.0002) |
| fiscal_bal_gdp | -0.0004 | -0.0002 | -0.0006* | 0.0001 |
| | (0.0005) | (0.0003) | (0.0004) | (0.0002) |
| nfa_gdp_lag | -0.0018 | -0.0007 | 0.0002 | -0.0010 |
| | (0.0024) | (0.0015) | (0.0017) | (0.0009) |
| rgdp_growth | -0.0028*** | -0.0010*** | -0.0016*** | -0.0009*** |
| | (0.0004) | (0.0003) | (0.0003) | (0.0002) |
| kaopen | -0.0106*** | -0.0016 | -0.0080*** | -0.0023*** |
| | (0.0020) | (0.0012) | (0.0013) | (0.0007) |
|:---|---:|---:|---:|---:|
| N | 5489 | 5489 | 5489 | 5489 |
| R² | 0.0198 | 0.0080 | 0.0162 | 0.0087 |
| Countries | 174 | 174 | 174 | 174 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*